SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kenneth E. Phillipps who wrote (393389)4/16/2003 5:30:23 PM
From: Sully-  Read Replies (1) of 769670
 
More proof that the gas tax does not go 100% to highway improvement.............

.....The U.S. Congress passed the first federal tax on gasoline in 1932. States had been collecting taxes on gasoline since 1919, but Congress did not implement a federal gasoline tax until it identified a general revenue shortfall in 1932. Receipts from the federal tax went to the general fund until 1956, and taxes on other motor fuels were added during this period. Beginning in 1956, motor fuel taxes were earmarked for the Federal Highway Trust Fund, which provides funding for surface transportation. Several increases were enacted after 1956, with a portion going to deficit reduction beginning in 1990.

bts.gov
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News